ONGC Share Price Target: The Oil and Natural Gas Corporation Ltd (ONGC) is a significant player in the energy sector, listed on the stock exchanges for over a decade. Despite its established presence, the demand for ONGC shares has seen fluctuations. While the shares experienced growth in the previous year, a recent downturn in prices has been observed.
ONGC Current Market Insights
- Current Market Price: ₹262.15
- Recent Performance:
- Decrease: 5.71% drop from the previous closing price.
- One-Year Growth: 24.53% increase.
- Five-Day Decline: 10.01% reduction.
- Price Range: ₹252.85 to ₹271.10
- Valuation: Shares are currently undervalued by 35%.
- Future Forecasts: Expected earnings and savings rate increase by 7% and 6.7% respectively.
ONGC Financial Performance
- Net Profit (FY till March 2023): ₹388 billion
- Dividend Payout: 30-45% of annual profits
- Debt-Free Status: Net debt is zero.
- Price to Earnings Ratio: 6.15% compared to the sector average of 8.96%
ONGC Share Price Target Share Price Predictions
- 2025 Prediction: ₹336.04
- 2030 Prediction: ₹409.36
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ONGC Share Price Target Monthly Target Prices
ONGC Share Price Target 2024
- January: ₹267.28
- February: ₹272.33
- March: ₹267.65
- April: ₹265.26
- May: ₹268.02
- June: ₹268.07
- July to December: ₹317.40
ONGC Share Price Target 2025
- January: ₹338.01
- February: ₹342.75
- March: ₹338.06
- April: ₹335.68
- May to December: ₹335.60
ONGC Share Price Target 2026
- January: ₹364.6
- February: ₹369.3
- March: ₹364.58
- April: ₹362.24
- May to December: ₹362.26
ONGC Share Price Target 2027
- January: ₹392.51
- February: ₹397.18
- March: ₹392.46
- April: ₹390.08
- May to December: ₹389.92
ONGC Share Price Target 2028
- January: ₹421.71
- February: ₹426.4
- March: ₹421.72
- April: ₹419.42
- May to December: ₹419.32
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ONGC Share Price Target 2029
- January: ₹452.37
- February: ₹457.06
- March: ₹452.04
- April: ₹450.09
- May to December: ₹450.23
ONGC Share Price Target 2030
- January: ₹484.62
- February: ₹489.3
- March: ₹484.59
- April: ₹482.25
- May to December: ₹485.23
ONGC Financial Summary
- Market Capitalization: ₹346,209 crores
- Total Share Capital: ₹6,290.14 crores
- Borrowings: Long-term ₹3,949.93 crores, Short-term ₹3,268.95 crores
- Provisions: Long-term ₹37,473.80 crores, Short-term ₹1,932.66 crores
- Total Investments: ₹84,985.95 crores
- Trade Receivables: ₹10,250.31 crores
- Trade Payables: ₹6,255.60 crores
- Total Assets: ₹367,037.9 crores
- Contingent Liabilities: ₹76,267.04 crores
- Total Revenue: ₹152,400.2 crores
- Total Expenses: ₹92,509.57 crores
- EPS: ₹30.86
- ROE: 15.05%
- ROCE: 19.12%
- Return on Assets: 10.57%
- Debt to Equity Ratio: 0.03%
- Dividend Payout Ratio: 45.35%
- Inventory Turnover Ratio: 0.48%
ONGC Shareholding Pattern
- Promoters: 58.89%
- Retail and Others: 13.64%
- Other Domestic Institutions: 10.69%
- Foreign Institutions: 9.20%
- Mutual Funds: 7.58%
ONGC Competitors
- Oil India
- Bharat Petroleum
- HPCL
- Reliance Industries Ltd
- Gujarat Natural Resources Ltd
ONGC Investment Considerations
- Risk Factors: Evaluate before and after investing.
- Fund Evaluation: Check fund returns, availability, category, and types.
- Past Trends: Review financial statements and ratios.
- Loan Avoidance: Invest within your means.
- Tax Implications: Monitor tax trends annually.
Conclusion
ONGC is a well-established company in the oil and gas sector with a consistent presence on the stock exchange. Despite recent fluctuations in share prices, the company’s core performance remains strong, providing dividends and maintaining profitability. Future predictions suggest a gradual increase in share prices, reflecting the company’s potential for growth.
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